Whitewater Pub Co Limited - Limited company accounts 11.7
Whitewater Pub Co Limited - Limited company accounts 11.7
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 31 December 2014 |
| for |
| Whitewater Pub Co Limited |
| Whitewater Pub Co Limited (Registered number: 07109842) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2014 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Whitewater Pub Co Limited |
| Company Information |
| for the Year Ended 31 December 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Whitewater Pub Co Limited (Registered number: 07109842) |
| Report of the Director |
| for the Year Ended 31 December 2014 |
| The director presents his report with the financial statements of the company for the year ended 31 December 2014. |
| DIRECTOR |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| Whitewater Pub Co Limited (Registered number: 07109842) |
| Profit and Loss Account |
| for the Year Ended 31 December 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Distribution costs |
| Administrative expenses |
| 1,544,313 | 4,435,168 |
| (162,882 | ) | (369,431 | ) |
| Other operating income |
| OPERATING LOSS | 2 | ( |
) | ( |
) |
| Loss on sale of tang fa |
| (280,581 | ) | (333,814 | ) |
| Interest receivable and similar income |
| LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION |
( |
) | ( |
) |
| Tax on loss on ordinary activities | 3 | ( |
) |
| LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
| Whitewater Pub Co Limited (Registered number: 07109842) |
| Balance Sheet |
| 31 December 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Profit and loss account | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director on |
| Whitewater Pub Co Limited (Registered number: 07109842) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Changes in accounting policies |
| For previous accounting periods the company has prepared its accounts under IFRS. On 25 October 2013, the |
| company's immediate parent company, Kicking Horse Limited, was transferred to a new owner, resulting in the |
| company no longer being part of a medium or large sized group. |
| The company has therefore taken advantage of the option provided in The Companies and Limited Liability |
| Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012 to |
| prepare its accounts under the FRSSE for this and future accounting periods. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | OPERATING LOSS |
| The operating loss is stated after charging: |
| 31.12.14 | 31.12.13 |
| £ | £ |
| Depreciation - owned assets |
| Directors' remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax (credit)/charge |
| The tax (credit)/charge on the loss on ordinary activities for the year was as follows: |
| 31.12.14 | 31.12.13 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Deferred tax | ( |
) |
| Tax on loss on ordinary activities | ( |
) |
| Whitewater Pub Co Limited (Registered number: 07109842) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2014 |
| 3. | TAXATION - continued |
| Factors affecting the tax (credit)/charge |
| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is |
| explained below: |
| 31.12.14 | 31.12.13 |
| £ | £ |
| Loss on ordinary activities before tax | ( |
) | ( |
) |
| Loss on ordinary activities |
| multiplied by the standard rate of corporation tax |
| in the UK of |
( |
) | ( |
) |
| Effects of: |
| Depreciation in excess of capital allowances | - |
| Utilisation of tax losses |
| Adjustments to tax charge in respect of previous periods |
| prior period |
| Current tax (credit)/charge |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2014 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| and 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.14 | 31.12.13 |
| £ | £ |
| Trade debtors | 171,176 | 175,724 |
| Other debtors | 4,411 | 12,222 |
| Whitewater Pub Co Limited (Registered number: 07109842) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2014 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.14 | 31.12.13 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| 7. | PROVISIONS FOR LIABILITIES |
| 31.12.14 | 31.12.13 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2014 |
| Credit to Profit and Loss Account during year | ( |
) |
| Balance at 31 December 2014 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary | £1 |
| 9. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 January 2014 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2014 | ( |
) |
| 10. | ULTIMATE PARENT COMPANY |
| ultimate parent company. |